ForexSecret123 (24)

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Top reasons why people fail in the Forex Business?

• The Forex Secret

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1. Earning quick profits vs. losing money.

• People tend to earn quick profits. Subconsciously
  we are very used to.
• Getting what we want very quickly but forex takes
  hard work and also it is externally marketed not
  so much as used to be.
• It so happens that novice might win with high
  leverage and a person with experience and
  strategy might lose the game for a while.

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2. People focus on quick money not on skills

• If you have skills money becomes less important
  but people always reverse it.
• we should have the motivation for money.
  According to Management Guru, Frederick Taylor
  money is the main motivation but Investors should
  have less focus on money and more curiosity on
  learning.
• An investor should have a curiosity and passion
  for learning the art of trading.

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3. Emotion dominates the traders

• 90 of traders lose money because they allow
  their emotions to control their trading.
• When people start winning money, when they are
  trading in a live account,
• They try to manually adjust their target TAKE
  PROFIT and STOP LOSS then the whole risk to
  reward ratio becomes imbalanced.

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4. People dont bother about risk management

• The reason why most of the traders get killed in
  the market because they just do not bother to
  manage their risk.
• The only difference between trading and gambling
  is how successfully we can manage the risk.
• Gamblers do not bother about analysis, they
  (Gamblers) just leave it to their fate.

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5. People tend to use a bigger lot size

• Often people think if we have a lot of sizes too
  small it will take us a long time to earn money
  so they increase their lot size
• But when the plan goes against them they incur
  lose then they again increase their lot size so
  that they can take revenge on the market and try
  to earn back what they lost which means they are
  controlled by their emotions.
• If you want to become among the top 10
  businessmen it is not so much having a good
  system but to manage your risk.

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6. Not having proper skills and Strategy

• Most of the time people make their decision after
  they have lost their money.
• You will find the worst result because you are
  making the decision emotionally.
• If you have not decided when you will move your
  stops, how you are going to move your stop before
  the trade gets placed.

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7. The tendency of being Investors than traders

• Investors put their money in real-estate
  business, stocks, and currency markets assuming
  that the value will always increase over the
  period.
• when the value of the investment increases the
  person brings more money in the business.
• People who follow other peoples footsteps and
  bring their precious savings in the market do not
  have a plan when the value of their investment
  decreases.

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8. Not Giving enough time

• People are always in a hurry they dont want to
  give enough time to learn the skills of trade
  because it is a tricky challenging business,
• You have to make business over a long period.
• You have to give your time and focus on it.

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9. People follow other peoples footsteps

• People tend to follow other peoples footsteps.
  Most of the time people do not analyze or
  triangulate the information they hear.
• People having little knowledge about the market
  invest in the currency market with all their
  savings and when the price fall they cannot
  survive.
• Without proper strategy investment doesnt
• pay off

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10. The truth about Demo trading Unrealistic
Expectations

• No matter what people say, Forex is not a
  shortcut of getting quick rich.
• Becoming adroit enough to amass profit is not a
  quick race, it takes time.
• Success takes back to back efforts to manage the
  strategy but in demo trading,
• people take bigger lot size and also takes high
  leverage because there is no risk involved but
  when they go in a real trading huge amount of
  pressure works.

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Thank You

• For more information visit https//theforexsecret
  .com/